Economy
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New Hints of Election-Year Market Interventions & Turmoil
(Mike Gleason, Money Metals News Service) After a sluggish January for precious metals, gold and silver markets saw a rally during the first day of February trading, only to see it reverse on Friday, February 2, after a strong U.S. jobs report. Metals and equity markets had turned down on Wednesday following the Federal Reserve’s…
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Notorious ‘Pizzagate’ Ringleader to Replace Kerry as Biden’s Climate Czar
(Headline USA) White House senior adviser John Podesta will add international climate policy to his job responsibilities, replacing special climate envoy John Kerry as the top U.S. official on international climate issues, the White House said Wednesday. Podesta will take over Kerry’s responsibilities, though not his title, when he departs, likely this spring, the White…
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Wray: China Implanting Hacker Malware on 100s of Home and Office Routers
(Headline USA) U.S. officials said Wednesday they disrupted a state-backed Chinese effort to plant malware that could be used to damage civilian infrastructure, as the head of the FBI warned that Beijing was positioning itself to disrupt the daily lives of Americans if the United States and China ever went to war. The operation, announced…
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Fed Runs Open Mouth Operations: Rate Cuts Coming! But Not Yet
(Mike Maharrey, Money Metals News Service) The Federal Reserve didn’t do anything at all at the January Federal Open Market Committee (FOMC) meeting. But Jerome Powell aggressively ran “open-mouth operations” trying to dampen market expectations for a rate cut at the March meeting. Nevertheless, one thing is clear: interest rate cuts are on the horizon.…
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They Break It! We Buy It!
(Mike Maharrey, Money Metals News Service) The government and the Federal Reserve broke the economy and we have to buy it! Things may seem OK on the surface, but the economy is sliding toward a crisis. It’s just a matter of time. In this episode of the Money Metals’ Midweek Memo, host Mike Maharrey explains…
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Biden Says the Quiet Part Out Loud: Calls Trump ‘Sitting President’
(Luis Cornelio, Headline USA) In a Saturday speech in South Carolina, President Joe Biden referred to his predecessor, Donald Trump, as the “sitting president.” This verbal misstep prompted the White House to swiftly correct the official transcript of the president’s speech. The revised version falsely portrayed Biden’s statement as referring to “a [former] President.” Official transcript:…
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MURDOCK: At Three-Year Mark, Trump Tops Biden in Most Every Metric
(Deroy Murdock, Headline USA) Are you better off than you were four years ago? Every voter should ask this while choosing America’s next president. This oft-stated question is fairer to pose three years into Joe Biden’s presidency. Evaluating America now versus January 2020, on President Donald J. Trump’s watch, allows a much cleaner contrast than…
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Peter Navarro Decries DOJ Verdict: ‘Death Sentence at My Age’
(Luis Cornelio, Headline USA) Peter Navarro, the former director of the Office of Trade and Manufacturing Policy under the Trump administration, referred to his sentence for refusing to comply with a subpoena from the Jan. 6 Committee as “effectively a death sentence.” Navarro made these remarks during an interview with Fox News’ Sean Hannity on Friday, where…
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Chinese Gold Demand Up in 2023 Even With Soaring Prices
(Money Metals News Service) Chinese gold demand improved in 2023 even as the price in yuan soared. China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market. Gold charted a 17 percent increase in yuan terms and was the second-best-performing asset class in China. Only…
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Republicans, Democrats Team Up to Saddle Americans with More Debt
(Money Metals News Service) Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending. This makes the most recent betrayal by the Republicans in the House of Representatives relevant…
